Kolkata: The USD 1.2-billion Indo-Bangla power joint venture is planning to award the contract for construction of the plant by April 2015 and expected to start commercial generation by FY18.

"We expect to award the contract next year. The company has recently appointed Fichtner Consulting Engineers and is in the process of finalising a consultant who will help in sourcing coal for the project," NTPC Chairman & Managing Director Arup Roy Choudhury said.

The plant is likely to consume around 8 million tonnes of coal every year and the entire generation will be based on coal imported into Bangladesh, he said last evening.

New Delhi, March 24 : State-run engineering company Bharat Heavy Electricals Ltd (BHEL) Monday announced it has won an order worth Rs. 3,000 crore for supply of steam generators for an upcoming power project in Odisha.

"In the face of stiff international competition, engineering major BHEL has won a prestigious order for the supply of 2x800 MW steam generators (boilers) with supercritical parameters for an upcoming power project in Odisha," the company said in a statement here.

State-run NTPC got little respite with regard to its grievance over the Central Electricity Regulatory Commission's (CERC) new tariff norms as the Delhi High Court on Wednesday refused to grant a stay on the new norms sought by the power giant.

However, the HC directed the CERC to consider any representations made by NTPC against its new five-year tariff regulations, which are set to come into effect on 1st of April this year.

The Supreme Court of India has directed state-run power generation company National Thermal Power Corporation (NTPC) not to discontinue supply of electricity to private-sector power distribution companies BSES Rajdhand and BSES Yamuna in Delhi until next hearing on March 26, 2014.

The bench consisting of Justices S S Nijjar and A K Sikri said Delhi should not be made to suffer due to the payment dispute between NTPC and BSES. The BSES' subsidiaries supply electricity to nearly 70 per cent of the national capital.

Sipat (Chhattisgarh), Sep 19 : Prime Minister Manmohan Singh Thursday commissioned the NTPC’s 2,980 MW Super Thermal Power Station to the nation at a grand function held at Sipat, in Chhattisgarh’s Bilaspur district.

He also laid the foundation stone of 1,600 MW stage-I of NTPC’s Lara Super Thermal Power Project through remote control. The project to come up at Lara village in the state's coal-rich Raigarh district will have two 800 MW units in stage I and an ultimate installed capacity of 4,000 MW.

New Delhi, Sep 17 : India's largest power generator state-run NTPC Tuesday said it has planned capital expenditure of over Rs. 20,000 crore during the current fiscal till March 31, 2014.

"We had a capex of Rs. 19,926 crore during the previous financial year (2012-13) and plan to raise it to Rs. 20,200 crore this fiscal," Arup Roy Choudhury, chairman and managing director of NTPC, said addressing shareholders at the company's Annual General Meeting here.

NTPC added 4,170 MW of capacity in the last fiscal to take its installed power generation capacity to over 41,000 MW.

Chennai, April 9 : Two of India's power sector majors -- equipment-maker BHEL and power-generator NTPC -- are together to set up a 100 MW power plant based on Integrated Gasification Combined Cycle (IGCC) technology.

"Talks between the two companies have progressed. Discussions have been held on parameters and the plant design is already available with us," A. V. Krishnan, executive director, BHEL (Boiler Division) told IANS over the phone from Tiruchirapalli.

According to Krishnan, the investment for the project will be around Rs. 700 crore.

Stake sale in power producer NTPC Ltd. on Thursday is expected to raise around Rs 12,000 crore ($2.25bn), which will make it the government's largest share sale this financial year, according to disinvestment secretary Ravi Mathur.

An empowered group of ministers (EGoM) led by union finance minister P Chidambaram on Tuesday finalized the timeline and pricing of the issue.

After the EGoM meeting, the disinvestment secretary said, "The NTPC disinvestment is scheduled for February 7 and is expected to raise Rs 12,000 crore."

The government has decided to allot three of the five de-allocated coal blocks to state-owned power giant NTPC, apparently to boost the company's value ahead of disinvestment of a part of the government's stake.

In June 2011, the government had de-allocated five of NTPC's eight coal block as a punishment for its slow progress in development of the coal blocks.

But, the coal ministry yesterday announced that NTPC would be re-allocated three of the five de-allocated coal blocks, viz. Chatti-Bariatu, Chatti-Bariatu (South) and Kerandari coal blocks.

State run, NTPC has indicated that it might be forced to downsize its Katwa project in West Bengal by about half its size so as to be able to construct the facility within the available
550 acres of land that has been allotted to the company by the state government.

The Union Cabinet is widely expected to give a green signal to 9.5 per cent stake sale in state-run NTPC this Thursday.

In case the Cabinet approves the proposal, it will play a crucial role in rejuvenating the government's delayed stake sales initiative, which aims to garner Rs 30,000 crore for the exchequer during the current financial year.

The government has declared that central public sector units (PSUs) will either have to invest the surplus funds they have or just lose it.

Currently, as many as twenty-five PSUs, including ONGC, GAIL, NTPC, BHEL and SAIL, have surplus cash worth Rs around 2.5 lakh crore. But PSUs are reluctant to make investments as they perceive numerous hurdles to investment plus they don't see the current economic situation very propitious or conducive.